JOHN BROWN UNIVERSITY NORTHERN IREIAND
STATEMENT OF FINANCIAL AcnvrriES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2023
Unr•strfct•d Unrèstricted
funds
2022
2023
Nol•s
Incom• from:
Donatlons and legacies
344,151
550,492
Ex enditure arL'
0￿ri￿ble activlties
319,711
201777
M•t In¢om• far th•
N•t rnmm•nt In fvnds
347,715
Fund balances at l July 2022
194799 1607.084
Fund è•l•n(•5 ￿ 30 Jun• 2023
1979,239 1954799
The 5taternent of finanaal acti￿tIeS indud•s all gains •nd1055e5 recogn15￿ In the year.
AJI income and •¥pendlture deriv• from continuiNJ •ctlvltios and is detemiined as unr•stslcted.
Th• statsm•nt of finJnd•l artivitl•s ilso complie5 with the requlrements for an Income and expendltur•
•ccount Under th• Cornplnies Act 2006.
10-

JOHN BROWN UNIVERSITY NORTHERN IRELAND
BALANCE SHEEr
ASAf30JUNE2023
TarKJibk assets
1884609
1881,607
Cash at bank and in hand
082
74585
Crnditorg amowts fallng kn wlthln
on• y•ar
11,452)
(33931
Nét aiffent ass•ts
94630
73,192
Tétsi •xMts <unrt M•bNld•g
1979239
1954799
IK•m• fvnth
Unr•thct•d fvnds
1979239
1954799
1979239
1954,799
11

JOHN BROWN UNIVERSITY NORTHERN IRELAND
BALANCE SHEET (CONTINUED)
ASAf30JUNE2023
The company is entitled to the exemption from the audit rei¥Jirement contained In section 477 of t
Companie5 Act 2006, for the year ended 31 June 2022. although an audlt has been carri4d out under Section
65 of the Charities Act (Northem Ireland) 2008. No member of the company has deposlted a notice, PlJrsLtant
to section 476, requirin9 an audit of these financial statsments the requirements of the Co￿￿leS Act
2L)J6.
The directors acknowledge their responsibiSities for ensuring that the tharity keeps accounting records which
comply with sertion 386 of the Art and for.preparin9 finanaal statements which give a mie and fair view of
the state of affairs of the company as at the end of the finanaal year and of Its incoffling resourcts and
applicailon of resources Including its Income and expenditijre, for the financial year in accordance with the
requirements of sections 394 and 395 •nd which othev•4ise ctsmply with the requirements of the Companies
Act 2￿fj relating to financial st4t•ments, $0 fir a5 appl'cable to the wfflpany.
The membets hav• not r•quired the compry to obtain an ￿dIt af Its fin•na•l statements for the >wr in
questlon in Iccordance wlth sletian 476.
These finandal statements hav• been pr•parnd in accordance wlth the provisions applicable to COM￿nIeS
subjert to the small Compènles regirne.
The financial ststements were approved by th• Trustees on .281Q312Q24
Ms K Hadley
TruJt••
Comp•ry R•9htr•tion No. N1621611
12-

JOHN BROWN UNNERSITY NORTHERN IRELAND
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2023
2023
2022
Not*s
Cash fl¢Jws frorn op•rntlw *di￿tIeS
Cash generated from operation5
110,012
396,007
Investlw a¢iJvltles
Purthase of tsngible fixed assets
(91,515)
r1926,256)
N•t und In InV&￿Ing •ctMd
(90.5151
926.2561
N•t c•*h umd In Iln•ft<lng •dlwltl•s
Nat In¢Te4s•/ld•cr•ai•) In c•th and ¢ash
19,497
530.2491
Cash and cash •wlvolents at beglnnin9 of y￿r
74585
1606.834
C•Jh and caih •qulvalents It •nd ol >*•r
76.585
-13-

JOHN BROWN UNIVERSITY NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR fHE YEAR ENDED 30 JUNE2023
Accounting pollcie5
Charity Inlomatlon
John Brown Univetsity Northern Ireland is a private company limited by guarnntee inco￿orated in
Northem Irelond. The registered offic• 15 50 Btdford Strert 8effasC Co. Antrim, BT2 7M, Northem
Ireland,
1.1 A¢couThtlng conventlon
The account5 have been prepared in accordance with the charitys govemin9 documenl the Companies
Att 2006 and 'Accounting and Reportlng by Charitis Statement of Recommended PrdCEice applicable to
charities preparing their accounts in accordance with the Financial Reporhng Standard applioble in the
UK and Republic of Ireland IFRS 1021" (as amended for accounting périods commencing from 1 January
20191. The charity 15 a Public Benefit Entity as defined by FRS 101
The financial 5tstemenls are prepared In sterting, lvhlch Is the fun<tional currenw of the chartty. Monetsry
amounts in these f4nan¢ial statements are rounded to th¢ nearest E.
The accounts have been prepar•d under the Nstorical cost conventiorn modifled to include certain
fin•ncial Instnjments at falr value. The prlnapal accounting policle5 adopted are set out below.
1.2 Going ¢onc•rn
At the time of approvin9 the financial statements, the TnJ5tee5 have a re•50nable expettation that the
charity hJ5 adequate resources to continue in operation31 èxlstence for tho foreseeable future. Thu5 the
Tnjstees continue to idopt the goin9 concern basis of accounting in pr¢p•rlng the fin•noal statements.
1.3 awrit•bl• fvndi
Unrestricted fvnds are available for use at the d15cretion of the Trustees In furtheTrnce of th•lr charitable
objectNe
Restritted funds are Subject to speafic conditlons by don0￿ as to how they may be used. The purpo5e5
and uses of the re*rlcted fund5 are set out In th• notes to the Ilnandal statements.
Endowment funds •r• subject to spedfic conditions by donors th•t the capital must b• malntrined by the
charity.
1A Inaxne
Income is recogni5•d when the charlty is le9alty èntitled to il aftff any performance condltrons hwe been
, met, the amounts can be measured reliably, and It is probable that income will be received.
Cash donation5 are reco9nised on oceipt Other donations are reco9nised once the tharity ha5 been
nottfied of the donation, unless performance condiiions ￿qUIre defeffal of the arnounL Income tax
iecoverable in relation to donation5 received under Gift Ard or deeds of covenant Is reco9nised at the
time of the donatlon.
14-

JOHN BROWN UNIVERSITY NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
Ae¢ountin9 polkles
(Continu•d)
1.5 Eyn&rture
Expendilure is recognisèd once there is a legal or construrtive obfigation to make a ptyment to a third
party, it is probable that Settlement will be required and the amount of the obligation can be measured
reliably. Expendrture is dassified under the following actlvty heading
Éxpenditure on charitable actiwties includes the provisions of food to those in need and activitxs
undertsken to further the purposes of the thaty and their a550Ciated 5UPPOrt
(Ther ¢<peTrJiture r¢presents thos• items not falliThJ into any other hadiTrg.
1.6 T•nglJle llxed aiy•ts
T•ngible flxed assets are Initlally measured at cost and subswjentty measured a¢ ￿st ¢r v•luatlory net of
depreciation and iny impairment losses.
Depreciation 15 recognlsed so 4S to write off th• cost or valuatlon of as5•ts less their re5idu•l v•lues ov•r
their usefvl lfve5 on the following bas
F￿ehOld land and bullding5
Flxtures and fitting5
Computers
2%-5% Stright Line
25% s￿Ight line
33% Str¥lght Lin•
The gain or loss arising on the dlsp05al of an asset is determlned as the dfference benpMen the sale
proceed5 and the clnying value of the asset and is reCOgn￿ed in net incomellexpendtturel for thè year.
1.7 Impairment ol fixqd a¥Mts
At each reporting end date, the charty reviews the earrying amounts of its tanglbh a55ets to d•terniine
whether there is any indicatlon that those assets have suffered an impaiment loss. If any such irKlkation
exists, the recovernble amount of the asset Is estimated in order to deterrnine the extent of the
Impairynent loss Of ary).
1.8 Cash and ￿5h •quival•nts
Cash and cash equtvalents indudo cash in han4 deposits held at oll with bank4 other short-term liquid
Investments with original matsjrities of three months or less and bank overdrdfts. Bank overdrafts ae
sh¢)wn withln borrowings in oJrr•nt liabiliri¢s.
Basic finandal assets, which include debtofs and cash and bank balanc•% are inilialty measured at
tr4nsaction price indudlng transaction costs and are subsequently caffled at amortised c05t using t
effecuve interest method unless the arrangement con5tityJtes a financing transaction, where the
transaction is measured at the present value ot the future receipts discounted at a market rate af i)teresL
Financial assets classified as ￿CeIvable within one year are not amortised.
15-

NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED)
FOR fHE YEAR ENDED 30 JUNE 2023
Eountin9 pofici•s
(Contlnued)
gaAc ffftan¢MIIMbM/lles
Bèsic financlal liabllltie5, including creditors and bank loan5 are initially recognised at Iran5artlOn price
unless the anangement constitutes a fina￿ing transaction, where the debt instrument is measured at the
presÈnt value of the future payTrents dlscounted at a marf(et rate of interest. Financial liabilities classified
as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rnte melhod.
Trade creditors are Dbligations to pty for goods or services that have bten acquired in the ordinary
course of operatlons from supplier5. Amounts payable are cla55ified as ojrrent liabilities If payment is due
witfvn one yéar or less. ￿ noL they are presented a5 noTrCUr￿nt liabilities. Trade creditor5 are recognised
initially at tran5artion price and subsequently measured at amort15ed cost usin9 the effechve Inte￿5t
method.
Dere<ognitlan ollhwnd•l l/•bir
Financial liabilities are derecagnised when the chartys contractual obligation5 expir• ar ire dlscharged ar
cancelled.
lj Efflpkne b*n•fits
The c05t of any urbU5ed holiday entidement is r•CogniS￿ in the perlod In which the employee's seNic•s
ar• r•ceived.
Terminatlon benefits ar• rqcognised i￿￿edIatety as an expense when the charity Is demonstrably
c¢)mmitted to terminate tho employmerrt of an employee CK to yovld• tormin•tlon benefit&
1.10 R•tlr•mmt b•n•fits
Payrnents to defined contrrbution rEtirement boneft scheme5 are charged as an •xpens• ￿ thry fall due.
Crlilcal a¢a￿n11n9 ejtimatsii and Judg•ments
In the appliatlon of th• tharlty's accounting palicies, the Trustees are requlred to make Judgemerrt5,
estimates and assurnption5 about the carrying amount of assets and 11abil￿1¢s that are not readily
apparerrt from other sources. The estimates and associated assumptlons are bas•d on hi5torfcal
experleno and other fartors that •rn consider•d to be falevanL Actsjal results may dlffer from these
estimates.
The estlmate5 and Unde￿ng assumptions a￿ reviewed on an ongoing bas[& Revi51ons to accounting
estlmate5 are recognised in the period in which the estimate is ￿ViSed where the revision affects only
that period. or In the period of tho revision and fijture periods where the revision affects both current and
fe perlod
16-

NOTES TO THE FINANCIAL sfATEMENfs (CONTINUED)
FOR THE YEAR ENDED 30 JUNE2023
DM•ilons •NI Ityides
Unr•strfct•d Unrostricted
funth
fijnds
2023
2022
DDnatFons and glfts
Capltsl doftatl￿ from John Brovm Unher5ity
JRS Grant Redvnd
38512
305,639
184069
360.933
1,490
344151
550A92
2023
2022
Stsff costs
Doprnajkn aThl impairmert
Accommodatlon.
Bank Fees
Cleanlng
IIKchJ5es - Dlrect Educ•tlon•l Eyénses
Répalrs & Malnten•nc•
Food & Suppll•s
Travel Expens•s
Ewlptment Hirn
81662
87,513
21478
64720
44649
24131
314
18n
3,815
1&015
9,628
345S4
15,011
1085
1,537
7.503
11118
7.371
1770
Tehphane & Internet
Prfjrting, Postage & Stsdonery
D(Thtion
1&592
379
301740
171,527
Shar• of govemince costs (see note 51
15,9n
31.250
319,711
2017n
17-

NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED)
FOR THE YEAR ENDED 30JUN52023
Support costs
2022
costs
Legal and profes5ioNI
15,971
15,971
31250
31.250
15971
15.971
31,250
31.250
Anatysed betsveen
Ch•ritsble Ktiwi5es
15.9n
15,971
31.250
31250
6 TNJt•
None of the TN5tees (or •ry p•tsons connected with them) recwved any remunerntlon or beneffts from
the ch4rlty durfng the ye•r.
The d￿rIg• monthly number of qmrAoytts durfng the year wa£
1022
Numb•r
Numb•T
2022
Wages and saarfe5
Soclal securlty co<
Other penslon costs
641Q2
1&560
51598
11,928
194
81662
64no
No empl¢)yee receivéd remun•rntlon of more than £6QOOO durfng the year12027-NIL) .

NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED)
FOR THE YEAR ENDED 30JUNE2023
Tanglble faad asxts
Totsl
and buldlTrp
Cost
At l 2022
Additions
1910204
7&80S
11h27
13,710
4.625
2.926.256
90,515
At 30 June 2023
1987,iJ)9
25,137
4625
3.016,771
Depwed•tlon and thnp
At 1 July 2022
Depreaation ch¥ged in the y•ar
43.262
81455
1,260
1532
127
1.526
44,649
87.513
At 30 Jun• 2023
14717
4792
1,653
131162
Clnylng •mount
At 30 June 2023
861392
20345
1972 ts84609
At 30 June 2022
64942
10,167
4498
2AaiA07
CrodIto￿ •maunts l*lllry du• wlthln •n• y••r
2023
Z022
Other tsxatlon and sod41 s2curlty
Accnjals Ind d•f•rr•d Income
1073
1.320
1A52
1,452
3,393
l￿d5
2023
funds
2022
Fund balances at 30 ￿ne Z023 are reprnsented ty.
Tan9ible assets
Curyent assets/Oiabilltlesl
1884.609 1881.607
94630
73,192
1979239 1954799
18-

NOTES TO THE FINANCIAL STATEMENTS (coNfiNUED)
FOR THE YEAR ENDED 30 JUNE 2023
11 Related p•ty tr•nAdtons
John Brown Unlvw5ty Northem lrnland Is • related pmty ol John Brown Unlver51ty looted kn th• United
States. During th• flnancial year end•d 30 ju￿ 2023 John Brown unp￿￿tty trdnsfeTTed John Brown
Univ•%ty Northern Ireland £305,63912022- £519?321. No amount is owed at the year end.